March 29, 2016
March 28, 2016
March 27, 2016
I have to tell you I am excited about 2016! This year I have had the opportunity to work on numerous IIOT projects and have had many conversations with customers and
partners to lay out the architecture that will enable new business models in the coming year. I am proud to say I have had the opportunity to help shape what is coming in 2016 in industrial IOT applications.
In fact some of these technologies have been a direct result of the interactions we have had with customers that are trying to drive new business models within their organizations. Much like the movie “Field of Dreams” the customers have said “if you build it, I (they) will come”. Customers have expressed how IIOT can help them unlock new revenue streams if we do “X”, or if you can do “X” we can finally have a better grasp on our process, controls and even people. Yes, the human factor…
Anyone in the industry knows IIOT enables companies to use some type of hardware, sensors, software, and machine learning algorithms and other technologies to collect and analyze data from machines, processes and “things” that are producing large data streams. However there has been some game changing advancements with even higher speed processors and DSPs. Memory cost is at an all-time low. Broadband wireless connectivity is more abundant than ever at any time before, even in remote areas never seen before thanks to the massive build outs from telecom partners. In addition there has been an abundance of new high resolution sensors being built able to capture data that wasn’t available before and even a deep and rich set of standards that is enabling the number of monitored or managed data points to vastly explode.
With these considerations people and the companies they work for will begin to be able to see data in a whole new granular detail like never before seen. By combining live streaming data with historian data we will be able to enable a continuously optimized process and give autonomous control without having to second guess the process or the controls, thus vastly improving efficiencies. With that said the expected growth of IIOT over the next four years is over 6B devices. That is roughly four million new devices, sensors, etc. per day. Of course in just one area like utilities there will be an explosion of over 1M new connected devices in power generation plants alone, 2M in transmission and distribution substations, 16M in smart meters! In oil and gas there will be over 4M new connected devices that include about eight new sensors per well site and about twenty new sensors per separation and storage site.
Like I said, I am excited about 2016 but reflecting back over 2015, this has been a great year. Shaping the future is exciting and fun and I can’t wait to make a positive impact on society with IIOT in 2016.
Author :Rick Harlow
March 24, 2016
Platforms are powering game changing business models where emphasis is shifting from a one time revenue generator to creating new recurring revenue streams while also adding immense value.
The change in mindset is drivingorchestrating ecosystems using plug and play API which is more important than owning assets in a lot of cases.
For example the B2C marketplace is tangibly experiencing this massive upheaval where platforms are powering new business models for companies like Airbnb where they're platform is disrupting traditional asset based real estate models whereby the company provides consumers to rent property from them without even owning any property.
Uber's consumer based platform model is also disrupting the traditional car as an asset based model specifically giving them the ability to basically run a taxi cab or limousine company without even having to own a single vehicle.
A similar movement is firmly taking root in the Industrial B2B world.
Flutura has been participating in this important transition that is taking place.
Manufacturing, OEM, Energy, Oil n Gas are all undergoing a complete makeover right now.
Pioneering companies like Ford, Hitachi, Schneider, ABB, PTC and yes, Flutura are seeding these Industrial platforms.
These platforms are sparking radically new business models which are filling previously unseen gaps in the market place. A new credo is being created where an orchestration of ecosystem platforms triumphs asset ownership!
This article looks at concrete examples of Industrial platforms impacting business models which are at seed stage.
Three Platforms Seed powering Industrial disruptions
Industrial Platforms at Ford
Industrial Platforms at Bombardier
Industrial Platforms at GE
How Flutura is powering Platform based Business Models
The last couple of months have been interesting in the Industrial world as the pace of disruption accelerated on multiple converging dimensions with sensor fabrics, digital twins, augmented reality, drones and 3D printing which promises to change forever the way business is being conducted in the Industrial world. As the power shifts from electro-mechanical to digital happens there are 2 important questions running thru the minds of Engineering CXOs
Srikanth, Derick, Krish and I have been traversing the Industrial power centers of Bourbon drinking Houston, Saki drinking Tokyo and Napa Valley wine drinking NorCal talking to industrial customers who have embarked on a journey to intercept the new industrial-digital reality.
Here are 3 insights that have surfaced.
The future belongs to vendor neutral platforms like the Flutura Cerebra platform which is liberating machines by giving them a voice to talk.
What are real world examples of IOT Big Data Use Cases impacting Biz Outcomes?
Flutura keenly read the market signals from Houston, Tokyo + European markets and more specifically in the energy + engineering industries we are focused on.
After analyzing the data accrued over the last 24 months we have distilled it down to six practical IOT big data use case families.
We have heard a lot of marketing hype around IOT and Big data. At the end of the day it boils down to ONE POWERFUL UNANSWERED QUESTION.
What are some of the measurable outcomes impacted by Industrial IOT use cases?